On Friday, October 7, Dr. Matthew Regulski, DPM, will be speaking on "The Use of Viable Placental Membranes in Complex Wounds" at the Breakfast Symposium from 7:30 a.m. to 9:00 a.m.

On Saturday, October 8, Dr. Dane Wukich, MD, and Dr. Jodi Walters, DPM, will be presenting a CME lecture (supported by Osiris) on "Clinical and Scientific Advances in the Use of Cryopreserved Placental Membranes in Complex Wounds" from 11:20 a.m. to 12:20 p.m.

"A prospective, multicentre, open-label, single-arm clinical trial for the treatment of chronic complex diabetic foot wounds with exposed tendon and/or bone: positive clinical outcomes of a viable cryopreserved human placental membrane" (Int Wound J. 2016; doi:10.111/iwj.12649 [E-pub ahead of print]) recently reported that 96.3% of patients achieved complete granulation for a complex wound in a mean of 6.8 weeks, 59.3% of which demonstrated 100% re-epithelialization in a mean of 9.1 weeks. Enrolled patient characteristics included serious health conditions typically excluded from clinical research such as hypertension, end stage renal disease with hemodialysis, previous partial foot amputation and peripheral arterial disease. This is the first post-market study of its kind in the wound care space.

Osiris Therapeutics will also be exhibiting at the Symposium on Advanced Wound Care meeting at booth 327. The event runs from October 7 through October 9, 2016 at the Caesars Palace in Las Vegas, Nevada.

About Osiris Therapeutics

Osiris Therapeutics, Inc., based in Columbia, Maryland, is a world leader in researching, developing and marketing regenerative medicine products that improve health and lives of patients and lower overall healthcare costs. Having developed the world's first approved stem cell drug, the company continues to advance its research and development in biotechnology by focusing on innovation in regenerative medicine - including bioengineering, stem cell research and viable tissue based products. Osiris has achieved commercial success with products in orthopaedics, sports medicine and wound care, including BIO 4®, Cartiform®, Grafix® , TruSkin TM and Stravix TM. Osiris, Grafix, and Cartiform are registered trademarks of Osiris Therapeutics, Inc.; TruSkin and Stravix are trademarks of Osiris Therapeutics, Inc. BIO 4® is a trademark of Howmedica Osteonics Corp. More information can be found on the company's website, www.Osiris.com. (OSIR-G).

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements about our expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as "anticipate," "believe," "continue," "ongoing," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project" or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Examples of forward-looking statements may include, without limitation, statements regarding any of the following: the outcome of the NASDAQ listing qualification deficiency process, including the ability of the Company to successfully maintain its NASDAQ listing; the outcome of the restatements, including the materiality, significance, nature, subject matter, timing or quantitative effects of the Company's restated financial statements; the timing of the transition to a new independent registered public accounting firm; the completion of the audit of the Company's 2015 financial statements; and the timing of the filing of the Company's 2015 Form 10-K, Q1 2016 Form 10-Q and Q2 2016 Form 10-Q. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors described in the section entitled "Risk Factors" in our Annual Report on Form 10-K and other Periodic Reports filed on Form 10-Q, with¿the SEC. Accordingly, you should not unduly rely on these forward-looking statements. We undertake no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.